Approve sale of properties to Twin Cities Habitat for Humanity, Inc for $1 for each property, subject to the following conditions: 1) land sale closing must occur on or before 30 days from date of the developer receiving the results of the soil tests to be done on the lots; & 2) payment of holding costs of $150.00 per month per parcel from the date mentioned in first condition. The sale conditions may be waived or amended with approval of the CPED Director.

Consider resolution giving final approval to the issuance of up to $8,500,000 in Tax-exempt & Taxable Limited Tax Supported Development Revenue Bonds for the expansion, equipping and refinancing of existing debt for a manufacturing facility (
Also in W&M/Budget

a) Approve development concept described in report;
b) Approve resolution authorizing acquisition of property, tax forfeit land, from the State of Minnesota;
c) Approve resolution authorizing the sale to Locus Architecture, Inc. or an affiliate/related entity;
d) Authorize execution of the purchase agreement with Hennepin County; authorize execution of the Redevelopment Contract with Locus Architecture, Inc. or an affiliate or a related entity as described in report;
e) Authorize CPED appropriation increase & increase in revenue budget of $121,349.80 (
Also in W&M/Budget

Consider resolution approval to the issuance of up to $35,400,000 in Tax-exempt 501 (c)(3) Refunding Revenue Bonds to advance refund of the outstanding 1997A and 1997B Tax-exempt Bonds used to construct the McNamara Alumni Center.

Consider resolution granting preliminary approval to the issuance of bonds in an amount up to $1,420,000 in Tax-exempt Multi-family Housing Revenue Entitlement Bonds to finance the acquisition and renovation of 12 two-story multifamily rental townhouse units.

Consider resolution giving preliminary & final approval to the issuance of up to $1 million in Tax-exempt 501(c) Bank Qualified Bank Direct MCDA Revenue Bonds, Series 2006, to finance various improvements and equipping of the headquarters facility at 3915 Golden Valley Rd, and various improvements and equipping of the Camp Courage facility at 8046 - 83
rd St NW in the City of Maple Lake, MN
(
Refer to MCDA Board

Consider resolution giving preliminary & final approval to the issuance of up to $1.8 million in Tax-exempt 501(c)(3) Bank Qualified Bank Direct MCDA Revenue Bonds, Series 2006, to refinance existing bank debt that was used to finance the construction in 2002 of a new gymnasium and to remodel classrooms
(
Refer to MCDA Board

b) Authorize CPED appropriation increases & revenue budget increases reflecting receipt of grant funds;
c) Authorize execution of grants to implement the LCDA grants with the Metropolitan Council, Central Community Housing Trust (or affiliated entity as general partner) and Project For Pride In Living (or affiliated entity as general partner) and the Metropolitan Council Livable Communities LHIA grant with Powderhorn Residents Group (
Also in W&M/Budget

Approve use of Community Development Block grant Homeownership Program Funds in an amount not to exceed $77,000 to cover unforeseen infrastructure site improvements & winter construction costs; Authorize execution of necessary documents (
Also in W&M/Budget